So THIS Is ‘And Then They Fight You’

<p><span style="font-weight: 400;">“First they ignore you, then they laugh at you, then they fight you and then you win.” </span></p> <p> </p> <p><span style="font-weight: 400;">In this episode of “The Breakdown,” NLW examines crypto’s current “and then they fight you” phase, citing recent regulatory battles:</span></p> <ul> <li style="font-weight: 400;" aria-level="1"><a href= "https://www.coindesk.com/block-fi-attorney-general-new-jersey-andrew-bruck"> <span style="font-weight: 400;">New Jersey’s BlockFi interest accounts cease and desist order</span></a></li> <li style="font-weight: 400;" aria-level="1"><a href= "https://www.coindesk.com/presidential-advisory-group-promises-stablecoin-recommendations"> <span style="font-weight: 400;">Stablecoins in the hot seat in recent meeting of U.S. presidential advisory group</span></a></li> <li style="font-weight: 400;" aria-level="1"><a href= "https://www.coindesk.com/eu-policymakers-propose-tighter-regulation-of-crypto-transfers"> <span style="font-weight: 400;">Busting FUD headlines following a European Commission proposed reform</span></a></li> </ul> <p><br /> <br /></p> <p><span style="font-weight: 400;">A New Jersey Bureau of Securities order calls for BlockFi to stop accepting new clients residing in the state. CEO Zach Prince remains optimistic, believing the company’s products are lawful and that further discourse with regulators would clear up concerns, the most important of which seems to be surrounding yield delivery. Is a new macro narrative emerging as competition ramps up with high yield enticing new crypto users?</span></p> <p> </p> <p><span style="font-weight: 400;">In a meeting with the President’s Working Group on Financial Markets, attendees discussed the rapid growth of stablecoins and their risks and benefits for the future. Of the eight political and regulatory figures in attendance, who are likely to provide pro-stablecoin input?</span></p> <p> </p> <p><span style="font-weight: 400;">This morning, an incendiary headline dropped – “EU Aims to Ban A